v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INVESTMENT INCOME:        
Dividend income $ 3,829 $ 4,956 $ 7,366 $ 10,098
Fee income 1,831 1,338 3,001 1,999
Total investment income 35,700 35,643 69,787 68,870
EXPENSES:        
Interest (9,865) (8,678) (18,785) (16,921)
Base management fee (5,341) (4,907) (10,566) (9,879)
Incentive fee on income (3,117) (3,431) (6,216) (5,454)
Incentive fee on capital gains (2,949) 0 (2,311) 0
General and administrative (1,124) (1,149) (2,163) (2,176)
Internal administrative services expenses (188) (172) (374) (346)
Total expenses before expense waivers (22,584) (18,337) (40,415) (34,776)
Waiver of incentive fee on income 258 0 1,243 0
Total expenses, net of expense waivers (22,326) (18,337) (39,172) (34,776)
NET INVESTMENT INCOME BEFORE TAXES 13,374 17,306 30,615 34,094
Excise tax expense (239) (87) (289) (279)
Federal and state income and other tax expenses (1,136) (912) (2,092) (1,761)
NET INVESTMENT INCOME 11,999 16,307 28,234 32,054
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 9,857 4,779 9,616 (16,287)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) 9,104 (3,904) 6,461 14,879
Income tax benefit (provision) on net realized gain (loss) and net unrealized appreciation (depreciation) (1,688) (893) (1,816) 1,518
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 29,272 $ 16,289 $ 42,495 $ 32,164
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) $ 0.65 $ 0.35 $ 0.93 $ 0.70
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—DILUTED (in dollars per share) $ 0.65 $ 0.35 $ 0.93 $ 0.70
WEIGHTED-AVERAGE SHARES OUTSTANDING—BASIC (in shares) 45,345,229 47,047,888 45,728,932 45,870,527
WEIGHTED-AVERAGE SHARES OUTSTANDING—DILUTED (in shares) 45,345,229 47,047,888 45,728,932 45,870,527
Control investments:        
INVESTMENT INCOME:        
Interest income $ 707 $ 701 $ 1,391 $ 1,388
Dividend income 288 779 764 1,500
Fee income 37 34 72 68
Total investment income 1,032 1,514 2,227 2,956
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 0 5,296 0 5,305
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (1,529) (5,068) (5,981) (5,901)
Affiliate investments:        
INVESTMENT INCOME:        
Interest income 6,136 5,118 11,929 10,678
Interest PIK income 714 719 1,491 778
Dividend income 2,336 3,438 4,538 6,906
Fee income 416 342 891 590
Total investment income 9,602 9,617 18,849 18,952
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) 11,595 2 9,939 2
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) (1,459) (69) 6,964 2,767
Non‑Control/Non‑Affiliate investments:        
INVESTMENT INCOME:        
Interest income 20,662 21,551 41,084 40,763
Interest PIK income 1,821 1,260 3,525 3,166
Dividend income 1,205 739 2,064 1,692
Fee income 1,378 962 2,038 1,341
Total investment income 25,066 24,512 48,711 46,962
NET REALIZED GAIN (LOSS):        
Total net realized gain (loss) (1,738) (519) (323) (21,594)
NET UNREALIZED APPRECIATION (DEPRECIATION):        
Total net unrealized appreciation (depreciation) $ 12,092 $ 1,233 $ 5,478 $ 18,013